As I mentioned in the last chart, I am NOT expecting price to triangle out as a "Z" Wave, but rather, I am holding out hope for the correction to be completed and this is my expectations!
In this chart, I am showing a bullish channel that could be in play, and I indicate that price needs to hold the lower channel line! This is true, but I should also mention that if price moves outside of the channel area, it doesn't necessarily mean that price will go lower. It may actually move out sideways as we enter more of a sideways market, so keep that in mind!
Lastly, few may know this, but I actually called for an XRP price bottom at $0.11500 Cents months in advance. So, I'm well aware of where we are, I also believe that price needs to move higher than +$0.47 cents or it leaves an opening for a lower target at roughly $0.65 cents.....most people have a hard time swallowing that price, and I really don't care because it's NOT emotional for me, it's just a fact and it's how I read price!
IMO, the MARKET always decides the price! My job, as I see it, is to read the market to the best of my abilities and try to determine as many possible outcomes in order to anticipate it's future move. That's it!
Okay, rant done! Have a great day!
Cheers!
In this chart, I am showing a bullish channel that could be in play, and I indicate that price needs to hold the lower channel line! This is true, but I should also mention that if price moves outside of the channel area, it doesn't necessarily mean that price will go lower. It may actually move out sideways as we enter more of a sideways market, so keep that in mind!
Lastly, few may know this, but I actually called for an XRP price bottom at $0.11500 Cents months in advance. So, I'm well aware of where we are, I also believe that price needs to move higher than +$0.47 cents or it leaves an opening for a lower target at roughly $0.65 cents.....most people have a hard time swallowing that price, and I really don't care because it's NOT emotional for me, it's just a fact and it's how I read price!
IMO, the MARKET always decides the price! My job, as I see it, is to read the market to the best of my abilities and try to determine as many possible outcomes in order to anticipate it's future move. That's it!
Okay, rant done! Have a great day!
Cheers!